Wells Fargo raises AMD price target ahead of earnings, sees a nearly 20% gain for the stock
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最新报道：Wells Fargo raised AMD's price target to $200 from $185, predicting nearly 20% upside ahead of earnings. Analyst Aaron Rakers cited strong AI chip demand and improving PC market trends as key drivers. The bank expects AMD's data center GPU revenue to reach $4 billion this year, with potential upside from new AI product cycles. Rakers noted AMD's competitive positioning against Nvidia in AI accelerators and sees continued momentum in server CPU share gains. The revised target reflects confidence in AMD's ability to capitalize on growing AI infrastructure investments. Wells Fargo maintains an "Overweight" rating on AMD shares.
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